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harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions between the.and senator mcconnell will get us on track. >> republican aides recognize the consequences if it falls apart. everybody gets a tax increase in 48 hours. >> well, it's less than 48 hours now. i'm wonder, are the democrats fighting among themself? >> there's a battle over social security. republicans are including a new way of calculating inflation to lower payments to recipients of social security. democrats had could consider it if it's part of a $4 trillion package. now republicans say it's off the table and key democrats are hopeful senate l
harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions...
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Dec 30, 2012
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the senate still has harry reid, the democrat, the house has john painter, the president is still the president. why she we expect anything to change. >> i don't expect anythg to change. the reality is you have the same people. there very blunt, competent, dishonest, lying to the american public for a long time, promising things they know they cannot deliver. our children grandchildren will pay the prce. maybe sooner, but the bottom line is you are dealing with people who care about themselves to maintainng power. >> i think they care abut the 1%. they increase the taxes on those made for under thousand and above, less than 1%. and the republicans are holding the country hostage. they rejected that. tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gains and dividends, reinstate that and get rid of $109 billion in corpate xes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit snding.
the senate still has harry reid, the democrat, the house has john painter, the president is still the president. why she we expect anything to change. >> i don't expect anythg to change. the reality is you have the same people. there very blunt, competent, dishonest, lying to the american public for a long time, promising things they know they cannot deliver. our children grandchildren will pay the prce. maybe sooner, but the bottom line is you are dealing with people who care about...
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harry reid, before his closed door luncheon, said he was still cautiously optimistic. hard to see from our perspective why he would say this because things seem pretty bleak at this point, though you never know what's going on behind closed doors. melissa. >> thank you very much. keeping an eye on that podium because senator harry reid is apparently going to come out and speak in a few minutes so we'll watch for that. let's go to the white house correspondent kristen welker. we know the senate majority leader has talked to the president. has there been any reaction from the white house today. >> reporter: the white house is not commenting on these negotiations that are going on over on the hill. they do not want to derail them by speaking out, by agitating the situation, but i tell you that there is a lot of investment here going on behind the scenes. in addition to mitch mcconnell speaking to vice president biden, the president sent his top negotiator, one of his top negotiators, rob nabors over to the hill. he's meeting with senate democrats as well this afternoon. a
harry reid, before his closed door luncheon, said he was still cautiously optimistic. hard to see from our perspective why he would say this because things seem pretty bleak at this point, though you never know what's going on behind closed doors. melissa. >> thank you very much. keeping an eye on that podium because senator harry reid is apparently going to come out and speak in a few minutes so we'll watch for that. let's go to the white house correspondent kristen welker. we know the...
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reid spoke to the president as well. but you know, everything gets done electronically now, that is how it works, answer to your question. >> jessica, i appreciate it, blackberry probably does too. >> when the blackberry actually works. >> see how this all -- how it all plays out and hopefully soon, jessica yellin, thank you very much. >>> next, more voices and they weigh in on where we stand in this negotiation process. stay here. these new phones they got us are great. yeah, its the galaxy note ii. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embar
reid spoke to the president as well. but you know, everything gets done electronically now, that is how it works, answer to your question. >> jessica, i appreciate it, blackberry probably does too. >> when the blackberry actually works. >> see how this all -- how it all plays out and hopefully soon, jessica yellin, thank you very much. >>> next, more voices and they weigh in on where we stand in this negotiation process. stay here. these new phones they got us are...
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we are getting word from the nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every american. hello, i'm gregg jarrett. >> arthel: i'm arthel nevil. welcome to a brand-new hour. as gregg just said the ball is in the senate's court. the republicans submitted a proposal to the senate democrats last night and are still waiting for a response. who is up at the podium right now. >> gregg: let's take a look at the shot. >> they are continuing to discuss this. we think there could be a path forward. one thing there is democrats have come out and made a change on cpi and republicans are concerned if that is not used as an offset to replace some of the spending cuts that would occur unde
we are getting word from the nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every...
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mcconnell said that is the first time he heard from the president, senator harry reid or any of the tomorrow democrats in about a month. in terms of presidential leadership there had not been that give and take in a month. >> that is astounding as you point out for more than a point. republicans concerned about the impact of the pentagon budget if this goes through. >> when people talk about the fiscal cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was calle
mcconnell said that is the first time he heard from the president, senator harry reid or any of the tomorrow democrats in about a month. in terms of presidential leadership there had not been that give and take in a month. >> that is astounding as you point out for more than a point. republicans concerned about the impact of the pentagon budget if this goes through. >> when people talk about the fiscal cliff most of the attention is about taxes going up and that being the so called...
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Dec 29, 2012
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staffers and a majority leader harry reid, minority lead mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the fuure. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotied. from her senate leaders will try t
staffers and a majority leader harry reid, minority lead mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the fuure. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework...
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so senate majority leader harry reid, a democrat, has crafted an alternative proposal that he has -- saying he will put -- if the negotiations i just described fail and if the senators cannot come to a bipartisan agreement, then the democratic leader is going to put on the floor a democratic proposal that would extend tax rates for households that make $250,000 and less. hatch the alternative minimum tax and extend unemployment insurance. so that's a democratic proposal. the problem with that is, you can expect a republican is likely to filibuster it or block it in some way so it's not likely to go anywhere. and it's not likely to be put on the house floor for a vote by republicans in the house or democrats in the house. so you can assume it's a nonstarter. it's more of the political proposal than a real proposal. bottom line. there's one good thing in washington. or two. you're there. and if we can get a shot of the capitol back, at least there's a nice dusk happening it's beautiful. let's hope that helps the mood there. and they get something done. jess, thank you. >> thanks. >>> d
so senate majority leader harry reid, a democrat, has crafted an alternative proposal that he has -- saying he will put -- if the negotiations i just described fail and if the senators cannot come to a bipartisan agreement, then the democratic leader is going to put on the floor a democratic proposal that would extend tax rates for households that make $250,000 and less. hatch the alternative minimum tax and extend unemployment insurance. so that's a democratic proposal. the problem with that...
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as for what is happening now, i have spoken to both leader harry reid and leader mcconnell. today agree it was a very good meeting. there is real good potential. we await any proposals to modify that. >> what if they want to use whas debt limit? >> i do not agree with that. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] we would help that they want to do amendments. we would hope they would allow an up or down vote. thank you everybody. have a nice evening. we will see you. >>> de this morning we got an update on the hurricane sandy relief funding legislation. >> dan friedman is a correspondent with the new york daily news. he is here to talk about the bill that passed yesterday. the senate passing an aid package. it took a 0.5 weeks. what is in that package? what is not enough package? >> the biggest item is about $17 billion. there's about 12 billion ford transit repair. people who live in flood areas could get their damages covered. those are probably the biggest. >>host: there were some items folks tried t
as for what is happening now, i have spoken to both leader harry reid and leader mcconnell. today agree it was a very good meeting. there is real good potential. we await any proposals to modify that. >> what if they want to use whas debt limit? >> i do not agree with that. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] we would help that they want to do amendments. we would hope they would allow an up or down vote....
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we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides
we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the...
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harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure
harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea...
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so it's not impossible that harry reid could get that up or down vote. i'll tell you, the way things stand now, if that was today, he would not get that vote. republicans would likely block that vote with a filibuster. but again, we just can't predict the future in this congress. and if there's no other deal, it's hard to say what lawmakers on either side would do when we come to january 1 or january 2. >> all right. while lawmakers are negotiating, i understand president obama is making the rounds? >> reporter: yeah. yes. his schedule actually is -- funny, he has no public events at all this weekend except for one. we know that he is planning to be on "meet the press." a very rare appearance for the president on a morning news show. but he's obviously picking his timing carefully and very poignantly. he want to put extra pressure on congress, and he's making an appearance tomorrow on nbc's "meet the press." >> lisa desjardins in washington, thanks. we'll be watching right along with you. >>> in india, the young woman gang raped on a new delhi bus is dea
so it's not impossible that harry reid could get that up or down vote. i'll tell you, the way things stand now, if that was today, he would not get that vote. republicans would likely block that vote with a filibuster. but again, we just can't predict the future in this congress. and if there's no other deal, it's hard to say what lawmakers on either side would do when we come to january 1 or january 2. >> all right. while lawmakers are negotiating, i understand president obama is making...
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but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike would only funds the government for eight days. americans deserve to know what the president proposes we do for the other 357 days a year. inaction should not be a problem. the problems facing our country are baked but not all that complicated. -- are big but not all that complicated. the next two days will begin to define the president's second term. he was elected to lead. >> we also got an update from oulaurie mcginley this morning. >> what kind of a deal did the president offered? what is new on the negotiations among and between the centers in the white house backs -- senators in the white house what is new is the the have seemed to finally agreed they'r
but president obama and 10 eric -- and harry reid believe it is one that can pass both houses. republicans agree. republicans have taken the step in the right direction. they pass legislation to replace this with responsible target it once and to bring our nation record debt under control. instead of considering the house plan to protect taxpayers democrats have spent months drawn partisan lines in the stands. the tax hike would only funds the government for eight days. americans deserve to...
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if an agreement is not reached in time between senator harry reid and harry mcconnell, then i will urge senator harry reid to bring to the floor a basic package for an upper down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe that such a proposal could pass both houses with bipartisan majorities as long as they allow it to actually come to a vote. if members of the house for the senate want to vote no, they can. which of but everybody vote. that is the way this is supposed to work. -- we should let everybody vote. if you can get a majority, which should be able to pass the bill. host: that was the president yesterday. he talks a little bit more about that in the "washington -- the wall street journal" this mornign ng. back to the telephones. in georgia on the line for republicans we have larry. caller: yes, sir. thank you for taking my call. i am a in a position where i wou
if an agreement is not reached in time between senator harry reid and harry mcconnell, then i will urge senator harry reid to bring to the floor a basic package for an upper down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe that such a proposal could pass both houses with...
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all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they do their jobs. they meet deadlines. they sit down, and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the no
all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it...
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you are asking the wrong person let's hear what senator harry reid have to say on that. he and boehner went back and forth. let's listen. >> if we come up with something that's not that easy we're dealing with big numbers and some of the stuff that we do is somewhat complicated but i think it was a positive meeting there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would have took an extended period of time as you all know waiting for us. but everybody, this is -- whatever we come up with is going to be imperfect. some people aren't going to like it. some people will like it less. but that's where we're. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going to do the best we can for the caucuses that we have and the country waiting for us to make a decision. >> juliet: charles krauthammer made a great point the other day. ultimately the way the president is going to be judged isn't going to be what happens in the next couple of
you are asking the wrong person let's hear what senator harry reid have to say on that. he and boehner went back and forth. let's listen. >> if we come up with something that's not that easy we're dealing with big numbers and some of the stuff that we do is somewhat complicated but i think it was a positive meeting there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would have took an extended period of time as you all...
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at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, extend unemployment benefits, etcetera, at least get a vote on it. harry reid has announced that he will prepare that bill and in the meantime he is trying to reach agreement with mcconnell that would be a bipartisan bill and hopefully get through both chambers in time to beat the clock for 2013. >> were any details discussed at the meeting? >> they did sort of go over some outlines to how they could get to a deal, but the speaker of the house john boehner made it clear that he is only going to take any action if the senate first passes a bill. the president and senate democrats had been asking the house to vote on a bill that the senate passed months ago for people making under a quarter million dollars, and the speaker has ignored t
at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, extend unemployment benefits, etcetera, at least get a vote on it. harry reid has announced that he will prepare that bill and in the meantime...
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earlier today, harry reid said he will bring the senate back into session on sunday at 1:00 p.m. eastern, and the house will return at 2:00 p.m. eastern on sunday, with votes expected in 6:30at 6:30? ris mccain and carl levin spoke to reporters for about half an hour. >> why don't you give them a bunch over here and let them pass it out. ok, sorry for the delay. we thought we had a vote, but there was no vote. senator mccain and i are part of a group of eight senators who have been working for about a month to come up with a proposal for our leaders and our conferences, which will hopefully overcome the gridlock that has so permeated the u.s. senate. the eight senators who have participated in this effort are myself, senator mccain, senator schumer, senator alexander, senator cardin, senator kyl, senator prior, and senator barasso. it is a bipartisan proposal, and we believe strongly we must reform the senate's procedures if it is going to do business more efficiently and fairly. there are many parts to our proposal, i would say the key number-one part is to give the majority lea
earlier today, harry reid said he will bring the senate back into session on sunday at 1:00 p.m. eastern, and the house will return at 2:00 p.m. eastern on sunday, with votes expected in 6:30at 6:30? ris mccain and carl levin spoke to reporters for about half an hour. >> why don't you give them a bunch over here and let them pass it out. ok, sorry for the delay. we thought we had a vote, but there was no vote. senator mccain and i are part of a group of eight senators who have been...
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tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a deal on monday and is it going to be enough? >> i think we will have a deal. one big difference now than maybe a couple of weeks, three weeks ago is a lot of republicans believe that eventually they really believe that the president would cave and they would cave again just like they did in 2010 that if he's so worried about a second recession would just smear his second term and he would cave. if you saw the president today in the news conference, he did not look like a guy about to cave to me. he's not going cave. this deal will go through. >> what's it going to be. >> will
tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a...
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i don't see how harry reid who hasn't passed a budget in years manages to come up with something by sunday night. >> we look at how monday will turn out. a lot of developments over the weekend will determine that. guys, it's not going to be an easy open, that's for sure, on monday. >> i'm wondering what it will look like. at the same time, when you ask the question, maybe it's better -- it's a bad deal worse than no deal? president obama keeps talking about half a trillion in cuts, over ten years, we're doing that every five months when it comes to the deficit. $100 billion more person month that we spend over what we take in. you have to have bigger cuts on the table to get republicans to come along. >> we're only paying for 40% of what we spend today. it's interesting to see and what the futures are doing right now. very thinly traded at this hour on a friday evening it would be interesting to see and what they signal in terms of where we stand, now that we've heard from the president and some sort of modest optimism from both leader reid and minority leader mitch mcconnell. >> tyler, we
i don't see how harry reid who hasn't passed a budget in years manages to come up with something by sunday night. >> we look at how monday will turn out. a lot of developments over the weekend will determine that. guys, it's not going to be an easy open, that's for sure, on monday. >> i'm wondering what it will look like. at the same time, when you ask the question, maybe it's better -- it's a bad deal worse than no deal? president obama keeps talking about half a trillion in cuts,...
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reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impre
reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road...
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you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to look in the mirror, and the reason for that is the senate hasn't voted a budget in three to four years. it would be nice if the senate would pass a budget. then we could compare it to the republican budget, and perhaps we could compromise on how much spending we need to bring down. >> right. >> but raising taxes is not a compromise because the problem is spending. you can compromise on how much you cut spending. >> right. let me ask you this. we're running out of time as we always do. never enough time with grover norquist. how about this proposal from coaching and alexander today that would raise the debt ceiling by $1 trillion if you had a commensurate amount of money taken out of the medicare system by raising the age eligibility to 67 and means t t testing for wealthy recipients of medicare? does that work for you? >> well, if it's all on the spending side, remember, when we get
you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to look in the mirror, and the reason for that is the senate hasn't voted a budget in three to four years. it would be nice if the senate would pass a budget. then we could compare it to the republican budget, and perhaps we could compromise on how much spending we need to bring down. >> right. >> but raising taxes is not a compromise...
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senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation. the banks have been able to, you know, double their excess capital, improving their overall base of capital to the point now that they're even meeting the basel iii guidelines for the most part. when you look at the stress tests and what we'll go in march they have been able to derisk their balance sheets and able to build capital so we can pay out twice as much of our incremental earnings we had last year. when you look at liquidity, we've been able to build liquidity on the balance sheets. deposit growth has been very strong. so for the most part we'
senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation....
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house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid and mitch mcdonnell who have a collective 100 years legislating between them will be meeting with the president soon. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ m
house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid and mitch mcdonnell who have a collective 100 years legislating between them will be meeting with the president soon. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning,...
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president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it
president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m.,...
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what's the relationship between harry reid and mitch mcconnell? guest: it's hard to tell. the rhetoric on the senate floor can be pretty tough. they call each other my dear friend whenever you want them on the c-span channels, but i think they both are in a frustrating position. senator harry reid does not have more than 60 members, so we cannot block a filibuster but senator mcconnell is adept at applying in cases where he'd want to block legislation. but i think they both have respect for each other's legislative skills and they have proven in the past that when they need to cut a deal, but can cut a deal and bring their party's members with them. host: john mccain writes a big budget deal is still worth doing. he points out to the history of some of these agreements, most notably with ronald reagan in the 1980's and president bush in 1991 in which republicans agreed to spending cuts that never happened while raising taxes. guest: that's right. there's a little confusion about how much spending cuts happened. it's the same sort of formula both sides are pursuing this tim
what's the relationship between harry reid and mitch mcconnell? guest: it's hard to tell. the rhetoric on the senate floor can be pretty tough. they call each other my dear friend whenever you want them on the c-span channels, but i think they both are in a frustrating position. senator harry reid does not have more than 60 members, so we cannot block a filibuster but senator mcconnell is adept at applying in cases where he'd want to block legislation. but i think they both have respect for...
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. >> harry reid announced an interest change with the filibuster rules. do you support the change? >> we have to do something. you can't have sixty vote threshold on virtually everything and get something done. that is a process that is i think an -- as far as i'm concerned. people think of a filibuster back when the film of the james stewart goes to washington. if we're going have filibuster, i think we should have those rules in place, what we do need do is change it so that mr. smith stays on the floor during the filibuster. it doesn't just run time against the senate and go to senate forum calls for indefinitely periods of time while waiting for the time frame to go so you can the vote. it doesn't make any sense to do that. if somebody feels strongly enough they want to bring the senate to a halt, they should be willing to stay there on the floor and explain why or -- i think it will be self-sort of self-enforcing that people will be less likely to file a filibuster as often as they have been through the record. the number of filibusters filed over the last two or three or four
. >> harry reid announced an interest change with the filibuster rules. do you support the change? >> we have to do something. you can't have sixty vote threshold on virtually everything and get something done. that is a process that is i think an -- as far as i'm concerned. people think of a filibuster back when the film of the james stewart goes to washington. if we're going have filibuster, i think we should have those rules in place, what we do need do is change it so that mr....
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it was only yesterday on the senate floor that harry reid called john boehner a dictator. in the past these meetings haven't produced much progress. the goal appears to be to shield most americans from automatic tax increases due to eat into their paychecks starting next week in the form of federal income tax withholding. the president has agreed to raisin come taxes on americans over $400,000. also an effort to extend jobless benefits for america's out of work for six months or more. these are microscopic goals but might be all that the political system with accomplish. >> major, do we have any reason to believe that this time it is different? >> certainly because the deadline is real the house is coming back in session on sunday. everyone is going to be here either to preside over america going over the fiscal cliff and all of us watching it together orr last minute small deal that averts it for a while and leaves more negotiations for the future. >> major garrett thank you very much. general norman schwarzkopf commander of the international coalition in the 1991 gulf wa
it was only yesterday on the senate floor that harry reid called john boehner a dictator. in the past these meetings haven't produced much progress. the goal appears to be to shield most americans from automatic tax increases due to eat into their paychecks starting next week in the form of federal income tax withholding. the president has agreed to raisin come taxes on americans over $400,000. also an effort to extend jobless benefits for america's out of work for six months or more. these are...
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"the new york times" said that harry reid looked like an angry father-in-law, who kept coming to the floor, nursing a grudge all year long. this is not looking good, obviously. they're meeting at the white house, all four congressional leaders with the president. but, josh, this is the first meeting that they've had in six weeks. some might think this would have been -- we're about four days away. >> perhaps. >> every day, having meetings. it's been since november 16th. >> 96 hours away now. can we expect any reasonable breakthrough here? >> here's what could happen. and i will give this about a 3% to 5% chance of happening. you could have a small deal that would at least prevent these tax increases from going into effect for most people. that's what the president is going to try to push with congressional leadership. i wouldn't put a lot of hope in that. >> does the president offer his own bill in this meeting? >> and this is interesting. there were some reports the president was going to present his own plan to come to congress to do. he is not going to do that. he has offered the
"the new york times" said that harry reid looked like an angry father-in-law, who kept coming to the floor, nursing a grudge all year long. this is not looking good, obviously. they're meeting at the white house, all four congressional leaders with the president. but, josh, this is the first meeting that they've had in six weeks. some might think this would have been -- we're about four days away. >> perhaps. >> every day, having meetings. it's been since november 16th....
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senator harry reid as you say was very rough going directly after boehner yesterday. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: the word dictatorship not sitting well at speaker's office of the as you can imagine his spokesman putting out a tough statement of his own saying quote, senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. there you go. the senators saying the house to act. the speaker's office saying senate has to act. there is pressure building on the president to bring both house, and senate, democratic leaders all four leaders into the white house today to bring leadership down, time is running it. let's come together. gregg: adds all new meaning to the word elementary school. ed henry, thanks very much. we're
senator harry reid as you say was very rough going directly after boehner yesterday. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: the word dictatorship not sitting well at speaker's office of the as you can imagine his spokesman...
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the president, vice president, john boehner, nancy pelosi, and harry reid and mitch mcconnell and if there are any statements after that meeting, and if the president has anything to say, we will have coverage of that on c-span and on c-span radio and always on c-span.org. thank you for joining us and enjoy the rest of your weekend. we'll be back tomorrow at 7:00 a.m. eastern time. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> in live look at the executive mansion where negotiations on the looming fiscal cliff move down pennsylvania avenue to the white house today. house and senate leaders meeting with the president to continue work. the meeting is set for 3:00 p.m. and we will monitor any news that comes from that. c-span cameras standing by. now back to the capital. the senate is in for business today. lawmakers are working on the foreign intelligence surveillance bill and also emerged to funding for sandy recovery efforts. the house and senate standing by to consider any fiscal cliff update. we had an update ear
the president, vice president, john boehner, nancy pelosi, and harry reid and mitch mcconnell and if there are any statements after that meeting, and if the president has anything to say, we will have coverage of that on c-span and on c-span radio and always on c-span.org. thank you for joining us and enjoy the rest of your weekend. we'll be back tomorrow at 7:00 a.m. eastern time. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012]...
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harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for some deep problems. i am a conservative by nature. the culture and liberal left wing is running this country -- the ulta and liberal and left- wing is running this country. host: thank you for the call. 44% of voters think congressional republicans are to blame. 15% blame both sides equally. a lot of focus in new york. funding for hurricane sandy relief efforts totaling $60 billion. it is unlikely to be in the house. many are saying it is too expensive. "lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal
harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for some deep problems. i am a conservative by nature. the culture and liberal left wing is running this country -- the ulta and liberal and left- wing is running this country. host: thank you for the call. 44% of voters think congressional republicans...
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the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of reto
the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support....
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>> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying you're both losers, right? >> right. >> my real concern is this is what the current version of america actually voted for. >> the house is different. all politics is local. harry reid, you know which interest he satisfies. >> they're not that far apart. if you look at the negotiating positions, they're not -- >> they're emotionally far apart. >> for that bigger deal. >> so, really, the numbers aren't that different. you would think with even a small amount of good will they could find -- >> i'll tell you, listening to harry reid, it was once again the only pe
>> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other side comes on and says people at home aren't going, wow, i believe you, harry. or i believe i, mitch. they're saying...
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we're getting a lot of name calling here on capitol hill, including yesterday with harry reid accused john boehner of being a dictator. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house of representatives to get what they want. >> that drew this response from speaker boehner. the senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. the senate democrats have not. now, the final point here, and this is going to -- but believe it or not, we're also talking about milk. it's not directly part of the fiscal cliff, but because congress didn't pass a farm bill this year, you have these bizarre 1949 price supports that would go back into effect unless congress can fix that. if they don't, the price you pay at the grocery store is going to skyrocket. maybe several dollars a gallon. so because of that, congress wants to make a milk fix part of any part o
we're getting a lot of name calling here on capitol hill, including yesterday with harry reid accused john boehner of being a dictator. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house of representatives to get what they want. >> that drew this response from speaker boehner. the senator reid should talk...
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that's why harry reid said what he did. because we're not asking for a guardi guarantee this bill pass. we're asking for a vote that it passed the senate to provide tax relief to the middle class. >> congressman that phrase you use, simply allow a vote, it got me thinking about something tip o'neal told me years ago about his relationship with ronald reagan, which was nowhere near as friendly as it's been made out to be. they liked each other but weren't dpaktly best friend. speaker o'neal disagreed vehemently with president reagan's policy and ideology. he told me one of the things that allowed him to come together, both of them, both president reagan and speaker o'neal had what they called a respect for the voter. he knew that president reagan had won in 1980 and had been re-elected in 1984, and the speaker had a respect for the voter, for the voter's voice. it seems you say a percentage republicans perhaps with the benign leadership of speaker boehner have not given voice to the respect for the voter by disallowing a sim
that's why harry reid said what he did. because we're not asking for a guardi guarantee this bill pass. we're asking for a vote that it passed the senate to provide tax relief to the middle class. >> congressman that phrase you use, simply allow a vote, it got me thinking about something tip o'neal told me years ago about his relationship with ronald reagan, which was nowhere near as friendly as it's been made out to be. they liked each other but weren't dpaktly best friend. speaker...
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senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed the house that would extend rates for all americans to either take it up in whole rf to amend it. the senate would take up that bill, amend it. if we do go over the cliff there is this possibility and a
senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate...
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reid admitted a deal seems unlikely. >> i have to be very honest, mr. president, i don't know time wise how it can happen now. >> reporter: in a scathing attack, reid called house speaker john boehner a dictator, and blamed him for letting members stay home with no deal in sight. >> we are here in washington, working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball. john boehner seems to care more about keeping his speakership. than about keeping the nation on firm financial footing. >> reporter: the republican leader responded saying it's democrats who failed to lead. >> make no mistake, the only reason the democrats have been trying to deflect attention onto me and my colleagues over the past few weeks, is that they don't have a plan of their own. >> reporter: president obama returned to washington for a last-minute push before leaving vacation in hawaii, he had separate phone conversations with congressional leaders. but it's not clear the talks helped. house republican lead
reid admitted a deal seems unlikely. >> i have to be very honest, mr. president, i don't know time wise how it can happen now. >> reporter: in a scathing attack, reid called house speaker john boehner a dictator, and blamed him for letting members stay home with no deal in sight. >> we are here in washington, working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball. john boehner seems to care more...
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take a look at senate minority leader mitch mcconnell and majority leader harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader finds himself frustrated. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us. >> he complains i have not delivered the votes to pass the solution to the fiscal cliff. but he's in error. >> i told the president i would be happy to look at whatever he proposes. >> he's upset because, quote, the phone never rang. >> as i said, this is a conversation we should have had months ago. >> we have nobody to work with, to compromise. >> republicans aren't about to write a blank check. >> we can't negotiate with ourselves. that's all we're doing. >> we don't have very many days left. >> we're in the same situation we have been in for a long time. >> as you can see, the senate is back in session today. the house plans to be back on sunday. more now on the breaking news. senior congressional correspondent dana bash joins us now from capitol hill. chief white
take a look at senate minority leader mitch mcconnell and majority leader harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader finds himself frustrated. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us. >> he complains i have not delivered the votes to pass the solution to the fiscal cliff. but he's in error. >> i told the president i would be...
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senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll have -- they'll give them 48 hours' notice. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> lo and behold, the markets started to tank, in part on fears of reid's warning that it looked like we were going over the cliff. within an hour word came that the house would return to washington and be in session on sunday at 6:30 p.m. boehner repeated his assertion that the senate would pass the two bills that the house has already acted on and included an extension of all the bush tax cuts, something that has zero chance of
senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll have -- they'll give them 48 hours' notice. the american people i don't think understand the house of representatives is operating...
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one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he bring the chamber of commerce back to session for a deal to be struck. >> the house of representatives with four days left aren't here with the speaker having told them he will give them 48 hours' notice. if we go over the cliff it will be with the knowledge that could have been done with a single vote. >> andrea: boehner's spokesman said reid should talk less. the speaker insists the senate should ask first for members to reconvene on sunday. we can go off the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have t
one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he bring the chamber of commerce back to session for a deal to be struck. >> the house of representatives with four days left aren't here with the speaker having told them he will give them 48 hours' notice. if we go over the cliff it will be with the knowledge that could have been done with a single vote. >> andrea: boehner's spokesman said reid...